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Argus launches a new non-Russian diesel cargo assessment for ARA delivery

Tue, 29th Mar 2022 10:31

LONDON, March 29 (Reuters) - Global energy and commodity price reporting agency Argus launched a new non-Russian diesel cargo assessment delivered into the Antwerp-Rotterdam-Amsterdam (ARA) port complex, the agency said in a statement published on its website on Tuesday.

"The new price will represent fair market value of non-Russian diesel, providing buyers and sellers which do not wish to trade Russian diesel with an alternative benchmark value," Argus said.

Russia has been a key supplier to Europe, accounting for up to 60% of diesel imported into the region each year, according to Argus.

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